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BYD respects Tesla, and we also admire Tesla,” said Yubo, in a video interview with an anchor from CGTN. “We are now good friends with Elon Musk, and we are going to supply him with batteries very soon,” he added

Shares of Chinese EV maker BYD surge after VP claims to supply batteries for Tesla

Hong Kong-listed shares of BYD jumped 2.79%

By Yashasvini Razdan
Published - Jun 08, 2022, 02:26 PM ET
Last Updated - Mar 01, 2024, 12:43 PM EST

• Hong Kong-listed shares of BYD jumped 2.79%

Shares of Chinese electric vehicle maker BYD jumped on Wednesday after the company’s vice president Lian Yubo said that the company would supply batteries to Tesla (NASDAQ: TSLA) “very soon.”

“BYD respects Tesla, and we also admire Tesla,” said Yubo, in a video interview with an anchor from CGTN. “We are now good friends with Elon Musk, and we are going to supply him with batteries very soon,” he added.

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